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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,471,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Here is 28.04 acres of pure potential! This prime development property is strategically located at the intersection of Otway and Foothills Blvd, offering endless possibilities for the savvy investor. With zoning designations including RM3 (Multiple Residential), RS2 (Single Residential), and AG (Greenbelt), the buyer is presented with a myriad of developmental ideas to explore. Imagine the freedom to create a thriving community or a stunning residential enclave on this expansive canvas. The land measurements provided are approximate, buyer to verify these measurements if deemed important. Don’t miss the chance to secure this exceptional opportunity, as it is also listed on the Residential MLS # R2774437. Unlock the potential of this property and let your imagination run wild. Embrace the possibilities and make your mark on the captivating piece of land. Act now and seize this once-in-a-lifetime chance to create something truly extraordinary. GPS (Lat: 53° 36' 25.6" N - Lon: 122° 48' 42.7" W). * PREC - Personal Real Estate Corporation (id:39198)
Location
Province
British Columbia
City
Prince George
Address
Dl 2400 Otway Road
Postal Code
V2M3R7
Location Highlights
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Listed by
eXp Realty British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$3,471,000
Asking Price
$3,471,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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